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PSL LTD Announces Quarterly Results (3QFY19); Net Profit Up 18.7%

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PSL LTD Announces Quarterly Results (3QFY19); Net Profit Up 18.7%
Tue, 19 Feb

PSL LTD has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

PSL LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m14223628621.1%101.6%
Other incomeRs m61284249.8%-31.1%
TurnoverRs m20326432824.2%61.8%
ExpensesRs m23722834249.8%44.2%
Gross profitRs m-958-56-796.3%
DepreciationRs m2802422420.0%-13.7%
InterestRs m0000.0%0.0%
Profit before taxRs m-314-206-256
TaxRs m0000.0%0.0%
Profit after taxRs m-314-206-256
Gross profit margin%-67.03.4-19.5
Effective tax rate%0.00.00.0
Net profit margin%-155.1-77.9-77.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 101.6% on a year-on-year (YoY) basis. The expenses were up by 44.2% YoY during the same period.
  • The company's operating profit declined by 41.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.5% in 3QFY19 as against 67.0% in 3QFY18.
  • Depreciation charges declined by 13.7% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 31.1% YoY during the quarter.
  • Net profit for the quarter increased by 18.7% YoY. Net profit margins during the quarter increased from -155.1% in 3QFY18 to -77.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 21.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 49.8% QoQ during the same period.
  • The company's operating profit declined by 796.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.5% in 3QFY19 as against 3.4% in 2QFY18.
  • Net profit for the quarter declined by 24.2% QoQ, while net profit margins increased from -78.0% in 2QFY18 to -77.9% in 3QFY19.

To see how PSL LTD has performed over the last eight quarters, please visit here.

PSL LTD Share Price Performance

Over the last one year, PSL LTD share price has moved up from Rs 3.9 to Rs 1.0, registering a Loss of Rs 2.9 or around 75.3%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,449.8 (up 0.8%). Over the last one year it has moved down from 18,900.9 to 16,449.8, a gain of 2,451 points (down 13.0%).

Overall, the S&P BSE SENSEX is up 5.5% over the year.

Current Valuations

At the current price of Rs 1.0, the price to book value (P/BV) ratio of PSL LTD stands at 0.0 times.

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For the quarter ended March 2019, PSL LTD has posted a net profit of Rs 228 m (up 52.5% YoY). Sales on the other hand came in at Rs 161 m (down 16.9% YoY). Read on for a complete analysis of PSL LTD's quarterly results.

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